CONTRACTDISCUSSED

PERMA Reviews $27.2 Million PRISM Insurance Estimate

Public Entity Risk Management Authority
Disclosed value
$27,164,000 estimated total for 2027-28 ($23,160,000 GL1 and $4,004,000 optional excess liability); estimated ranges of $20,385,000-$23,160,000 for GL1 and $3,164,000-$4,004,000 for optional excess liability
From agendapacket
Document date
Nov 5, 2026
Renews
Free account

The 30-second brief

What it covers

PERMA reviewed PRISM’s preliminary 2027-28 insurance estimates totaling approximately $27.164 million for General Liability 1 and optional excess liability coverage. The coverage is expected to renew for the 2027-28 period, while staff evaluates alternative excess-risk arrangements.

Who holds it

Public Risk Innovation, Solutions, & Management (Prism) holds this insurance contract with Public Entity Risk Management Authority. Its other public contracts on record include work for City of Chico and Chico Public Financing Authority.

What happens next

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Contract details

Contract type
Insurance
Amount
$27,164,000 estimated total for 2027-28 ($23,160,000 GL1 and $4,004,000 optional excess liability); estimated ranges of $20,385,000-$23,160,000 for GL1 and $3,164,000-$4,004,000 for optional excess liability
Document date
November 5, 2026
Term
2027-28 coverage period, expected to renew July 1, 2027
Renews
On record
Vendor
Public Risk Innovation, Solutions, & Management (Prism)
Source document
Public Entity Risk Management Authority AgendaPacket November 5, 2026 (AgendaPacket)

Public Risk Innovation, Solutions, & Management (Prism)'s other public contracts

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Questions about this contract

Who was awarded the insurance contract by Public Entity Risk Management Authority?

Public Risk Innovation, Solutions, & Management (Prism) was awarded this insurance contract by Public Entity Risk Management Authority, as recorded on November 5, 2026. The contract value is $27,164,000 estimated total for 2027-28 ($23,160,000 GL1 and $4,004,000 optional excess liability); estimated ranges of $20,385,000-$23,160,000 for GL1 and $3,164,000-$4,004,000 for optional excess liability.

How much is the Public Risk Innovation, Solutions, & Management (Prism) contract with Public Entity Risk Management Authority worth?

The Public Risk Innovation, Solutions, & Management (Prism) contract with Public Entity Risk Management Authority is valued at $27,164,000 estimated total for 2027-28 ($23,160,000 GL1 and $4,004,000 optional excess liability); estimated ranges of $20,385,000-$23,160,000 for GL1 and $3,164,000-$4,004,000 for optional excess liability, covering insurance work.

What type of contract is this?

This is a Insurance contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Public Entity Risk Management Authority AgendaPacket November 5, 2026 (AgendaPacket), dated November 5, 2026 from Public Entity Risk Management Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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